| Tax
Notes for Foreign Producers
Foreign citizens or businesses
from certain countries are required to pay some
US taxes on income earned in the US. Whether or
not you are among them – and the rate you
have to pay, if any – is determined by a
treaty (or lack of treaty) between your home country
and the US.
For example, some countries
like Canada and the UK do not have to pay any
US tax at all. However, some other countries have
no special treaties, and in these cases you may
be required to pay up to 30%.
Under US law, EntertainOne
is obliged to comply with certain regulations
that my involve reporting foreign income and even,
in some cases, subtracting (‘withholding’)
taxes due from it.
Here is what is required from you:
- Send us your ITIN tax number.
You can obtain this from the US government
by filling out Form
W-7.
- You also need to send us a W-8
Form that you have filled in. This confirms
your country and the relevant tax rate, if any.
The US tax department (the IRS) requires us
to have this form to prove that we have withheld
due taxes appropriately.
Mail us the above to:
EntertainOne
846 S. Robertson Blvd.
Los Angeles, CA 90035
Or, fax to:
(310) 360-9194
NOTE: We
will not be able to forward your monies owed to
you until we have received the above filled out
properly.
If you would like to check
the rate of tax due from citizens of your home
country, you can check US
Publication 515.
This explains how withholding
works and provides a chart that illustrates the
tax rate for different countries.
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